Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $305,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Waste Management, Inc. (NYSE:WM) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,428 shares of the business services provider’s stock after acquiring an additional 232 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Waste Management were worth $305,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Aberdeen Wealth Management LLC increased its stake in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in Waste Management by 3.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares during the period. Benchmark Financial Wealth Advisors LLC raised its holdings in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after purchasing an additional 49 shares during the period. Balboa Wealth Partners boosted its position in shares of Waste Management by 4.1% during the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock worth $256,000 after purchasing an additional 49 shares in the last quarter. Finally, CRA Financial Services LLC grew its holdings in shares of Waste Management by 4.7% in the 3rd quarter. CRA Financial Services LLC now owns 1,116 shares of the business services provider’s stock valued at $232,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity

In other news, SVP Tara J. Hemmer sold 4,576 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the transaction, the senior vice president now directly owns 58,765 shares of the company’s stock, valued at $13,052,881.80. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Devina A. Rankin sold 5,826 shares of Waste Management stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the sale, the chief financial officer now directly owns 69,442 shares of the company’s stock, valued at $15,424,457.04. The trade was a 7.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock valued at $3,578,340 over the last three months. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WM shares. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Scotiabank increased their target price on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James increased their price objective on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Trading Up 0.0 %

Shares of Waste Management stock opened at $224.94 on Monday. Waste Management, Inc. has a 12-month low of $187.48 and a 12-month high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The business’s 50 day moving average is $211.84 and its 200-day moving average is $211.39. The stock has a market cap of $90.28 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management’s dividend payout ratio is 44.12%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.